Douglas Lane & Associates LLC Has $45.49 Million Stock Position in Diageo plc (NYSE:DEO)

Douglas Lane & Associates LLC lowered its position in Diageo plc (NYSE:DEO - Free Report) by 20.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 357,815 shares of the company's stock after selling 90,511 shares during the period. Douglas Lane & Associates LLC owned about 0.06% of Diageo worth $45,489,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. PFG Investments LLC raised its position in shares of Diageo by 3.4% during the second quarter. PFG Investments LLC now owns 2,516 shares of the company's stock worth $317,000 after purchasing an additional 83 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Diageo by 1.1% in the third quarter. Global Retirement Partners LLC now owns 8,146 shares of the company's stock valued at $1,143,000 after buying an additional 85 shares during the period. Diversified Trust Co increased its position in shares of Diageo by 5.6% during the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company's stock worth $236,000 after acquiring an additional 98 shares in the last quarter. Malaga Cove Capital LLC increased its position in shares of Diageo by 3.4% during the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company's stock worth $421,000 after acquiring an additional 100 shares in the last quarter. Finally, Profund Advisors LLC raised its holdings in shares of Diageo by 3.0% during the second quarter. Profund Advisors LLC now owns 3,891 shares of the company's stock worth $491,000 after acquiring an additional 113 shares during the period. Institutional investors own 8.97% of the company's stock.

Diageo Stock Up 0.4 %

Shares of Diageo stock traded up $0.52 on Wednesday, reaching $125.40. 620,682 shares of the company were exchanged, compared to its average volume of 1,065,316. The company has a market capitalization of $69.76 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 3.73 and a beta of 0.67. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. Diageo plc has a one year low of $117.72 and a one year high of $154.71. The company has a 50-day moving average of $123.24 and a 200 day moving average of $128.40.

Analyst Ratings Changes

A number of research firms have issued reports on DEO. TD Cowen increased their target price on Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a report on Wednesday. Bank of America raised Diageo from a "neutral" rating to a "buy" rating in a research report on Thursday, September 12th. Jefferies Financial Group raised Diageo from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. Finally, UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $129.00.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.